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Feb 26, 2013
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chicago is a very diverse city. it's got in many businesses. >> thanks very much. >> terry duffy is going to weigh in on the branson/yahoo! brouha half. virgin founder slapping yahoo! ceo marisa meyer's no work from home policy. it's an uncommon tact. did branson break some sort of unwritten ceo code? >> we'll talk about that, and then later what will move your money tomorrow? three of wall street's top stock pros on whether this rally will continue. stick around for that. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio sum
chicago is a very diverse city. it's got in many businesses. >> thanks very much. >> terry duffy is going to weigh in on the branson/yahoo! brouha half. virgin founder slapping yahoo! ceo marisa meyer's no work from home policy. it's an uncommon tact. did branson break some sort of unwritten ceo code? >> we'll talk about that, and then later what will move your money tomorrow? three of wall street's top stock pros on whether this rally will continue. stick around for that. [...
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Feb 26, 2013
02/13
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the ten-city composite up 5.9%. the 20-city composite up 6.8%. david blitzer is the chairman of the s&p 500 index committee. david, welcome back. good morning. >> good morning. >> pretty good numbers to close out the year. people still trying to get their arms around how distressed properties are moving some of these prices, especially in key markets. >> that's right. i think the overall picture is very, very strong. the national index, which is up 7.3% for the four quarters, ended with the end of 2012. so really, all across the country things look good. only one city of all 20 was down on the year-over-year basis. >> still, though, i'm told the index is heavily skewed by the share of distressed. that's why atlanta could be down 17%. and now up 10% year-over-year. are these numbers, are they reflective of what's happening with real buyers? >> yes, i think they are reflective of what's actually happening with real buyers. what we've seen in city after city over the last couple of years is the city will get hit with a wave of foreclosure activity.
the ten-city composite up 5.9%. the 20-city composite up 6.8%. david blitzer is the chairman of the s&p 500 index committee. david, welcome back. good morning. >> good morning. >> pretty good numbers to close out the year. people still trying to get their arms around how distressed properties are moving some of these prices, especially in key markets. >> that's right. i think the overall picture is very, very strong. the national index, which is up 7.3% for the four...
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Feb 26, 2013
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we're a natural fit for the ultrahigh net worth russian buyer. >> the prices these guys are paying, whether it's new york, miami, los angeles, they are incredible, $100 million dollar place in california, $88 million the russian bought in new york city. $40 million, most expensive home ever bought in miami from a russian. why are these guys paying so much? what do they like for in the u.s. >> value. we're still in comparison to london quite inexpensive. if you look at london prices, you'll realize we're probably anywhere from 30 to 50% below the prices for comparable property in london. so value is one of the first items. new york is, again, one of the most prestigious places for anyone to buy. the russian market recognizes that. they are drawn to sexy locations. new york is as sexy as you can get. >> is it? i would have thought miami was a little sexier than new york. i would like to know as well, are they going for residential property or are we starting to see russians buy commercial property as well for development? >> up to the last few years, we've been seeing mostly residential inves
we're a natural fit for the ultrahigh net worth russian buyer. >> the prices these guys are paying, whether it's new york, miami, los angeles, they are incredible, $100 million dollar place in california, $88 million the russian bought in new york city. $40 million, most expensive home ever bought in miami from a russian. why are these guys paying so much? what do they like for in the u.s. >> value. we're still in comparison to london quite inexpensive. if you look at london prices,...
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Feb 2, 2013
02/13
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the city has never looked better. and also on a jobs day i do want to note the unemployment rate in the city of new orleans right now is under 5%. so if anything could say they came back stronger, you could definitely say that about new orleans. although i will tell you that there are some pockets that still show the damaging effects of the storm 7 1/2 years later. >> well, okay. but it's still great news. and the low unemployment rate is great news. >> absolutely. >> now, i hate to do it to you, old buddy. but as you know, it's a very big part of the super bowl story. a lot of people are talking about it. has nothing directly to do with the super bowl. that's of course dan marino. he's part of the cbs team covering the game. has a love child. we learned that today. "the new york post" put the story on the front cover. i don't know if we have a picture of that or not. so i want to ask you, look, marino is a great hall of fame player. no question about that. what is this stuff going to mean? does it have any impact on
the city has never looked better. and also on a jobs day i do want to note the unemployment rate in the city of new orleans right now is under 5%. so if anything could say they came back stronger, you could definitely say that about new orleans. although i will tell you that there are some pockets that still show the damaging effects of the storm 7 1/2 years later. >> well, okay. but it's still great news. and the low unemployment rate is great news. >> absolutely. >> now, i...
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Feb 27, 2013
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the law allows atlantic city casinos to handle online bets within the state but they are expected to form partnerships with online gambling firms. and then there is target, sliding more than 1% after reporting a 2% drop in fourth quarter profit, hurt by investments tied to its entry into the canadian market this year. retailer also giving a disappointing full year outlook with a midpoint of its guidance range missing estimates. let's get to our road map today, the fed chairman facing tougher questions on the second day in a row. this time from the house financial services committee. we'll get an update on the q&a and find out what ben has to say about qe 3, the economy and more. tim cook facing his own tough questions from investors of the company's shareholder meeting. we'll take you live there and get the inside story from a shareholder about what cook may say. then, more water, less buzz. that's at least what some consumers are saying about anheuser-busch. a multimillion dollar lawsuit being filed accusing the brewer of watering down its beer. we will get the latest details on the
the law allows atlantic city casinos to handle online bets within the state but they are expected to form partnerships with online gambling firms. and then there is target, sliding more than 1% after reporting a 2% drop in fourth quarter profit, hurt by investments tied to its entry into the canadian market this year. retailer also giving a disappointing full year outlook with a midpoint of its guidance range missing estimates. let's get to our road map today, the fed chairman facing tougher...
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Feb 27, 2013
02/13
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we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political impasse? rome looking to sell between three and four billion euros of a ten-year issue. this was the six-month auction producing the most since 2012, up around 50 basis points. this is where the euro is trading ahead of the auction. 130.79 where we stand currently. yesterday we were down at seven-week low of around 1,317 -- 1.3017. it's warned in italy that a loss of investor confidence could increase borrowing costs and reignite the debt crisis. as for italy's politicians, the leader of the center left coalition has vowed that he would try to form a government and seek an alliance that would respond to the call for
we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political...
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Feb 26, 2013
02/13
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today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government, we will guarantee you a bonus. not if you go work for the red cross or a non-profit. this sounds to me like crony capitalism revolving door. >> you know what? i have so much respect for tim geithner, that to me this seems like such a downgrade. it's very disturbing to me. it bothers me even more than the nomination of chuck hagel. it just seems like the president is totally disengaged. no one vetted this guy. it's just crony capitalism, as you said. and the president spoke so vehemently for so long that this was something he was going to put a stop to. >> that's a key poin
today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government,...
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Feb 25, 2013
02/13
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we hear about the hacking that goes on or the attempted hacking of banks. b of a and citi group and chase, everybody admits there's been attacks on them and deflections. but should we worry about our internal bank accounts we access online because of hackers? should that be a concern for the average checking account out there? >> for the most part, no. the banks actually of all the industries do probably the best job of protecting themselves. the attacks you've seen recently are something called ddos attacks which disrupt banks to carry on business. this is a serious escalation. it appears they're coming from a nation state that sponsors terror. that's one of the things we have to be looking forward about and doing a better job protecting ourselves. >> all right arthur coviello of rsa, thank you for your thoughts today. >>> as we continue, more on today's big selloff and why some say it may be about to get worse because of washington's dysfunction. as blunt automatic spending cuts are set for four days from now. we're back in a minute. if your tires need to
we hear about the hacking that goes on or the attempted hacking of banks. b of a and citi group and chase, everybody admits there's been attacks on them and deflections. but should we worry about our internal bank accounts we access online because of hackers? should that be a concern for the average checking account out there? >> for the most part, no. the banks actually of all the industries do probably the best job of protecting themselves. the attacks you've seen recently are something...
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Feb 27, 2013
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you've got the baines and technology stocks in the lead here. economically sensitive doing well. most heavily traded, bank of america, nokia, cincinnati bell, ford motor, jpmorgan and citi. all among the big movers today in terms of volume. with overall volume today also picking up and volume has been, of course, picking this up week with -- with overall volume not looking overall so heavy today but certainly picking up in the last half an hour or so. all-time high, 14,164. we're very close to it right now. meanwhile, since months ago, value investor bob olstein told cnbc that amazon could drop 50% over the next few years. since then the stock has done well moving higher. that hasn't stopped olstein from staying bearish on the stock. in fact, now he's calling amazon a ticking bomb on valuation. he says the wrong price for investors is what they are looking at. surprised short sellers are not piling in on this stock. >> bob joins us now along with cnbc's gary kaminsky who is a bit more positive on amazon, and, bob, we certainly want to get your take on the rally at large as we mar
you've got the baines and technology stocks in the lead here. economically sensitive doing well. most heavily traded, bank of america, nokia, cincinnati bell, ford motor, jpmorgan and citi. all among the big movers today in terms of volume. with overall volume today also picking up and volume has been, of course, picking this up week with -- with overall volume not looking overall so heavy today but certainly picking up in the last half an hour or so. all-time high, 14,164. we're very close to...
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Feb 27, 2013
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covers the whole range. you ever been in one? >> absolutely. >> is there one in this city? >> one down by union square, i think. >> if there's not, you're missing out. >> i've been up to one -- >> there's a one in harlem. >> i'm looking through the release. while they have comments, they don't have anything about what walmart was talking about, seen a slow start to the year or february because of delayed returns of income tax, don't say anything about the payroll tax cut or tax hike going back to normal levels after two years of cuts and don't say anything about how their consumers are struggling something people were wondering. >> is the target consumer more upscale? >> it's the high low -- >> where were you 30 seconds ago? your mind is mush. i just had a huge conversation about that. >> not huge. it was short. >> it was huge. >> not huge. we were having a discussion on the side there. >> they get the low end -- >> he was telling me he wouldn't be embarrassed to go into target. if you're missing out -- pay attention. >> we're having a conversation over here. >> more than w
covers the whole range. you ever been in one? >> absolutely. >> is there one in this city? >> one down by union square, i think. >> if there's not, you're missing out. >> i've been up to one -- >> there's a one in harlem. >> i'm looking through the release. while they have comments, they don't have anything about what walmart was talking about, seen a slow start to the year or february because of delayed returns of income tax, don't say anything about...
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Feb 26, 2013
02/13
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kayla tausche covering auction across the river in new york city. kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people looking at the stock down today. the bank is targeting $1 billion in cost cuts. among the ways they are going to get there, 4,000 net head count reductions. we should note they are going to be a lot of head count reductions over the next two years in the consumer banking unit. there could be as many as 19,000 jobs cut with the majority of those in the mortgage banking department as the mortgage environment improves here. that's not to say the consumer bank is shrinking. we heard from chase consumer banking ceo or retail banking ceo and he said they will open 200 bran
kayla tausche covering auction across the river in new york city. kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people...
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Feb 27, 2013
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>> scott, atlantic city and its 12 casinos all winners. at least in the near term. second largest gaming market in the u.s., ac's $3 billion in revenue last year, 43% below the peak in 2006. any additional business is welcome. the two biggest players in the market to benefit the most from the addition of online players, caesars with four worked out but basically only licensed casinos will be able to run the jn line operations. to play, residents will likely to to register as they do in the uk where on-line gambling is legal. it will take another 6 to 12 months for it all to get up and running. pay-off? 1.5 billion added to fis al in 2015. uncertainty about demand in the garden state and questions about whether on-line betting will hurt the brick and mortar business and questioning whether on-line gaming is enough to save ac's casinos. new competition from properties on-line in baltimore and d.c. wi will hurt them. the state and casinos can't bet on that yet. back to you, scott. >> mary, thank you very much. we saw zynga get the nevada pop the other day pip think you
>> scott, atlantic city and its 12 casinos all winners. at least in the near term. second largest gaming market in the u.s., ac's $3 billion in revenue last year, 43% below the peak in 2006. any additional business is welcome. the two biggest players in the market to benefit the most from the addition of online players, caesars with four worked out but basically only licensed casinos will be able to run the jn line operations. to play, residents will likely to to register as they do in...
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Feb 22, 2013
02/13
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ceo titan. >> titan. >> the city of titan tires who was looking potentially or was asked to look at a factory in france. >> and he said -- >> not only -- >> they talk for three hours and then they take an hour for lunch and an hour for a break and they're highly compensated. and the french said that's the way it works here. >> that's what he said they said. he said when they approached him he knew -- >> i do sort of, loving paris and loving rome it's like, well i live in paris. i don't want -- three hours is a good -- that's a good number for me. and then i think about us. how long is our show? >> three hours. >> that's right. >> we can talk for three hours. >> do you want to work -- if you're in italy do you want to work longer than three hours if you're looking at the bay of salerno outside of naples, do you want to -- >> do you want to hear something from the ceo yesterday? >> i do. >> we have a sound bite? >> we have a sound bite from the ceo of titan. listen in to what he told maria. >> what i said was true. and they admitted it. they laughed about it. okay? and that's where this
ceo titan. >> titan. >> the city of titan tires who was looking potentially or was asked to look at a factory in france. >> and he said -- >> not only -- >> they talk for three hours and then they take an hour for lunch and an hour for a break and they're highly compensated. and the french said that's the way it works here. >> that's what he said they said. he said when they approached him he knew -- >> i do sort of, loving paris and loving rome it's...
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Feb 28, 2013
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the center of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's send it back to you in new york. >> reynolds, we were just talking about sorkin on the best dressed list and you may not be on it, but this is the guy that might replace it. loot him. >> thank you so much. >> you know what? i think he knew he was going to be back on squawk today. it's been a while and you said i'm going to be back on "squawk box." >> got the pocket square going. >> representing. >> and the hair is high .tight today, too, right? when was that done, yesterday? >> high and tight. my dad, god rest his soul, was a high and tight man. >> do you miss us on the days on -- >> ever
the center of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's...
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Feb 26, 2013
02/13
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it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date here for austerity. you have a fragmentation amongst political parties, cobbling together a coalition is going to be difficult. historically, a coalition takes three to four weeks and it's not likely to be any quicker with this result. we are looking in the short term in weeks and probably months of political uncertainty. we have presidential elections coming, too. but in terms of fresh elections, they can't happen as quickly as they did in greece where they happened a month later. >> bettrsani will be first up trying to form a government. berlusconi said today he'
it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date...
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Feb 27, 2013
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can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already have, you know, pretty strict regulations in line or in house, to regulate brick and mortar casinos, other states might partner with them. basically direct -- and there could be revenue sharing agreement. that's what you might see going down the road. >> got it. we should also mention as well, right, mary, this could be a huge win for zynga what ch has almost 40 million on-line poker players. i do believe the stock is moving up. currently up by 4.7%. thank you very much, mary. >> welcome. >> rally is marching on, folks. we are looking for bargain retail stocks to get in on, cat walk cake walk.
can on-line gaming in the garden state ris rekt atlantic city? facing competitor in d.c. and baltimore but the promise of on-line gaming should keep operators in atlantic city because they expect to pay off within five to ten years. >> you've got new jersey, the their state to legalize on-line gambling. who is the fourth state, fifth state and so on? >> that's good question. i think what you will see is because nevada and new jersey, this according to the people i spoke to, already...
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Feb 5, 2013
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. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of hewlett-packard surging on reports that the board is studying potential breakup scenarios. jon fortt has the latest. fact or fiction here? >> melissa -- fact, but not extremely exciting fact. the business new side courts reporting this. not a lot new i see in this report, saying that the board is exploring a breakup of some divisions, among other scenarios to maximize shareholder value. doesn't seem they've ever stopped analyzing these scenarios. but the spin off of the pc business is something that meg whitman keeps ruling out. earnings call after earnings call. nothing clear anything about that ha
. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of...
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Feb 23, 2013
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the action begins right now. >>> live at the nasdaq in new york city's times square, i'm melissa lee. these are the traders. stocks break their losing streak. the dow closing with over 100-point gain breaking its two-day losing streak. is this healthy price action or is there something amiss in the markets? it was a tough week for home builders, retailers and autos. they are surfacing about the strength of the consumer. >> we saw disappointing results out of home builders, like toll brothers. the automakers had a tough week. the fed has been doing what they have been doing. we got the minutes from the last meeting. a little more dissent than some people had expected. at some point, they are going to take their pedal off the metal. we are facing sequester, $4 gas at the pump, payroll tax increase. some guys told us this is hurting their sales. at some point, something has to give. i'm not sure at five-year highs if we can continue to go up. >> the home builders were due for a sharp pullback. they had gotten so far ahead of themselves, trading at valuations that go back to the last real
the action begins right now. >>> live at the nasdaq in new york city's times square, i'm melissa lee. these are the traders. stocks break their losing streak. the dow closing with over 100-point gain breaking its two-day losing streak. is this healthy price action or is there something amiss in the markets? it was a tough week for home builders, retailers and autos. they are surfacing about the strength of the consumer. >> we saw disappointing results out of home builders, like...
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Feb 21, 2013
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. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than $2 billion, but there's a huge fight going on among the banks out there to represent this yield and so many of them thought they had the end because they had been with teddy for so long. they were friends with teddy, the trustee who runs this process. only knew teddy for the last two years of his life. so there are banks and bankers who said i've been blanking with him for 20 years. he was my best friend. i promised i would get the deal. but everybody is the
. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the...
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Feb 15, 2013
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inc
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are...
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Feb 13, 2013
02/13
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the only reference to citi, during my time at citi, i was part of the senior management plan to bring organizational change and one of the remarks is a hot button issues we're sure to hear about today, lew's own personal investment in the cayman islands, and something the president criticized in the past and lew had such an investment in such a fund and lawmakers will ask him about it. he doesn't say anything in these prepared remarks and be prepared, lew should be for that issue. >> thank you for that. we are joined by a senator who will be questioning jack lew, charles grassley. also, president obama's state of the union. it's a little different this time around, senator. no one is saying jack lew broke the law or didn't pay his taxes either. the kind of things people might have said on the other side of the aisle from governor romney, the kind of things they should have said then they'll probably being saying now. it's a little bit different situation when it affects jack lew rather than when it was governor romney. >> yes. we're going to try to hold an obama nominee to a standard
the only reference to citi, during my time at citi, i was part of the senior management plan to bring organizational change and one of the remarks is a hot button issues we're sure to hear about today, lew's own personal investment in the cayman islands, and something the president criticized in the past and lew had such an investment in such a fund and lawmakers will ask him about it. he doesn't say anything in these prepared remarks and be prepared, lew should be for that issue. >>...
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Feb 28, 2013
02/13
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joining us now on the phone is tom delandcy, president of the borgata hotel casino in atlantic city. our panel is still with us. tom, thank you very much. is this going to save atlantic city? let's start there. they had a rough time. the casino business had a rough time. will online gambling save atlantic city? >> larry, i don't know atlantic city needs saving but online gaming is certainly going help. you know, we've lost some 40% of our gross gaming revenue over the last five years in atlantic city primarily to convenience gaming markets, you know. local casinos in pennsylvania and new york and delaware. so online gaming gives us the opportunity to really lead the way with what is the ultimate in convenience gaming. so we think it's a great opportunity and something that will help out. >> okay. look, i think this is a brave thing by christie myself. one of the big houses they just filed bankruptcy, a couple of gambling casinos were sold for peanuts. you do need something. i want to ask you how will this get that economy moving. in other words do you think people will move to atlant
joining us now on the phone is tom delandcy, president of the borgata hotel casino in atlantic city. our panel is still with us. tom, thank you very much. is this going to save atlantic city? let's start there. they had a rough time. the casino business had a rough time. will online gambling save atlantic city? >> larry, i don't know atlantic city needs saving but online gaming is certainly going help. you know, we've lost some 40% of our gross gaming revenue over the last five years in...
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Feb 13, 2013
02/13
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to couple cities with manufacturing, trying to bring jobs back to people and the cities that have lost them. i just wonder what was new about last night? >> i was really proud of the president's speech, because it highlighted particularly when it came to the economy. some new bold initiatives that really need to -- really designed to move the needle. because there's been a lot of criticism, not just of the president, but of the republicans and washington in general, that, you know, same old same old tired proposals. the proposal to create manufacturing innovation institutes around the country, we have one in youngstown, ohio. the president proposed a the least 15, and 5 over the next couple of years. that's going to allow us to make the kind of investments to make sure we can make things in america again and revitalize some of the communities decimated by the fact that factories have moved out of town. coupling those communities with businesses so we can make sure we can locate high-tech jobs and make them hubs for high-tech jobs. >> how to further that, when obviously the main concern
to couple cities with manufacturing, trying to bring jobs back to people and the cities that have lost them. i just wonder what was new about last night? >> i was really proud of the president's speech, because it highlighted particularly when it came to the economy. some new bold initiatives that really need to -- really designed to move the needle. because there's been a lot of criticism, not just of the president, but of the republicans and washington in general, that, you know, same...
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Feb 25, 2013
02/13
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tier one cities, the 25 million plus population cities, they're maturing. but the tier two and three cities, the stiffs that are only 10 million or 5 million populations, those are huge cities by western standards, there's a lot of growth going on there. the infrastructure growth in china's going on, they have 50 years of runway to come close to where europe and north america are right now. the chinese are thinking across multiple decades and generations. we're thinking across multiple decades and generations. we're not thinking about what's next week. so, we're building for the long-term. >> so, let me ask you, for your u.s. customer, which effects her most, stock market levels, employ or housing? what's the most relevant factor, or some other? >> from what we can understand, the behavior of the consumer, employment, number one. spousal partner employment number two, maybe housing as an indicator whether they have disposal income three, stock market doesn't seem to say, stock market's up today, i'm buying something tomorrow. i don't believe that's an influ
tier one cities, the 25 million plus population cities, they're maturing. but the tier two and three cities, the stiffs that are only 10 million or 5 million populations, those are huge cities by western standards, there's a lot of growth going on there. the infrastructure growth in china's going on, they have 50 years of runway to come close to where europe and north america are right now. the chinese are thinking across multiple decades and generations. we're thinking across multiple decades...
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Feb 26, 2013
02/13
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let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio berlusconi, sounding exhausted, called into one of his networks this morning to chat with the news anchors there. first of all, he doesn't think there should be new elections, which is a possibility. when he was asked about interest rates rising in italy, he said, don't worry about interest rates. they are an invention. the markets are a little bit independent and a little bit crazy. and the fact that the spread is widening compared to german interest rates, why do we have to compare ourselves to the germans all the time? we don't have to. he hinted to a coalition with the left. he did
let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio...
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Feb 16, 2013
02/13
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live from the nasdaq market site in new york city's times square, i'm melissa lee. these are the traders putting a smile on the faces of some traders out there. the big story of the day is walmart. shares of the world's largest retailer falling 3% on reports of an internal walmart document described february sales as a total disaster. the initial report said a mid-level executive who described february as the worst start to the month in seven years. the big question now is this a walmart story or perhaps a bigger warning to the world. let's get in the money to find out. dan, you are the desk bear. what do you think? >> interesting you call him a mid level executive. i would say former executive at this point. that e-mail, headline hit the market by surprise. the s&p traded in a tight range for the last six days. it's been in 60 basis point range. when you see a company like walmart sell off as quickly as it did and take the market with it, to me that could be a precursor for the action we see. in the e-mail or in the news report they are citing the payroll tax. it's
live from the nasdaq market site in new york city's times square, i'm melissa lee. these are the traders putting a smile on the faces of some traders out there. the big story of the day is walmart. shares of the world's largest retailer falling 3% on reports of an internal walmart document described february sales as a total disaster. the initial report said a mid-level executive who described february as the worst start to the month in seven years. the big question now is this a walmart story...
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Feb 12, 2013
02/13
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CNBC
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one day, yesterday, wells fargo had the upgrade yesterday and bank america and city are your players. they continue to explode to the upside. you look at the stock volume, you see a lot of volume in bank of america and options, same thing. the 12 strike calls continue to be attacked. now that we're through, we look to the upside and volume continues to be in the financials and banks. >> scott, i don't think it's coincidence we went from 1 to 2% in the 10 year, and i own these -- >> good for you. >> and they will make net interest on the margins and a trade that will continue through the rest of the year. >> i think goldman is a great way to play. great movements in weekly options and everyday the stock moving higher and hitting new highs. bank of america also the news that could be coming out with bank of america that the company could be looking to increase their dividend or stock repurchase that would get it through a new high. >> niles, you have a big position in bank banof america. >> i agree with that. it tells you how many shares you can buy back and if you increase your divide
one day, yesterday, wells fargo had the upgrade yesterday and bank america and city are your players. they continue to explode to the upside. you look at the stock volume, you see a lot of volume in bank of america and options, same thing. the 12 strike calls continue to be attacked. now that we're through, we look to the upside and volume continues to be in the financials and banks. >> scott, i don't think it's coincidence we went from 1 to 2% in the 10 year, and i own these -- >>...
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Feb 26, 2013
02/13
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they intend to roll out the first store in new york city. that's not for a while now. but more important they're spending big on the nordstrom website. nordstrom's is moving aggressively into mobile. last year, mobile devices accounted for a fifth of the total sales and it grew at a 31% clip last quarter. it can help the stock to continue to power higher in a world where everyone gets 3 and 4-g. the next gatsby component, how about ralph lauren. maybe this isn't the best example. this is the premiere high end apparel brand. nothing says preppy like polo. they earned 240 a share. these companies are doing better even if their stocks aren't. and it gave very healthy guidance for 2013. this is what happens when you have a brand that's perceived to be on the high end of things. the money flows in because people cannot resist a little conspicuous consumption. this can be a perilous game. look at coach. they're a dog because they're widely perceived as having fallen behind on the style curve with its merchandise. i don't think ralph lauren will fall prey because they have st
they intend to roll out the first store in new york city. that's not for a while now. but more important they're spending big on the nordstrom website. nordstrom's is moving aggressively into mobile. last year, mobile devices accounted for a fifth of the total sales and it grew at a 31% clip last quarter. it can help the stock to continue to power higher in a world where everyone gets 3 and 4-g. the next gatsby component, how about ralph lauren. maybe this isn't the best example. this is the...
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Feb 28, 2013
02/13
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the tail of two cities also coming up. how the sequester might impact the heartland. >> and we will talk to the mayors of oklahoma city and des moines. that's all coming up. do stay here with us on "street signs." [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ whirring ] [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the f sport. this is the pursuit of perfection. the f sport. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring cent
the tail of two cities also coming up. how the sequester might impact the heartland. >> and we will talk to the mayors of oklahoma city and des moines. that's all coming up. do stay here with us on "street signs." [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim...
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Feb 8, 2013
02/13
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boston area, how fast does it come south and west through connecticut into new york city and the metropolitan area here? >> it's going the other way around. it's going to start -- new york city will be tomorrow morning, connecticut will be about midday, then boston mid afternoon and then again everybody just needs to be off the roads. if we can get everybody off the roads by noon tomorrow through noon on saturday, we're going to save a lot of people a lot of frustration because i'm telling you, when it's start snowing at two to three inches an hour, the plows can't keep up. all it takes is one bus to slide off the road and it's gridlock on the roadways. running out of gas and spending the night in a cold car, it's not fun. i never talked to anyone who said they wanted to do that again, spend the night in a cold car. >> take care of yourself. >> tonight we heard another dire warning from secretary of defense leon panetta about what would happen if the sequester cuts quick in. next and protesters interrupted confirmation hearings five times before cia director john brennan even finished his ope
boston area, how fast does it come south and west through connecticut into new york city and the metropolitan area here? >> it's going the other way around. it's going to start -- new york city will be tomorrow morning, connecticut will be about midday, then boston mid afternoon and then again everybody just needs to be off the roads. if we can get everybody off the roads by noon tomorrow through noon on saturday, we're going to save a lot of people a lot of frustration because i'm...
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Feb 27, 2013
02/13
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city moving independently of that. all others are moving to the upside. important thing is while durable goods, defense and aerospace, take a look at major sectors. financials all on the upside. >> thank you, mr. pisani. ty, up to you. >> sue, grab some buds. or maybe not. class action lawsuit accusing the watering down of beer, including bud ribudweiser. what is going on? >> class action lawsuit in california followed by pennsylvania and new jersey and others to follow. each one seeking at least $5 million. claim is that they knowingly added water to beer making its printed alcohol content claims inaccurate. the california lawsuit says among other things, quote, ab's claims are false in every instance and are based on uniform can corporate policy of overstating the amount of alcohol in each of ab's product. ten brands in all are included, including budweiser, bud light, michelob and i thought michelob ultra was mainly water anyway. they say our beers are in kulful compliance with labelling laws. we reached out for com
city moving independently of that. all others are moving to the upside. important thing is while durable goods, defense and aerospace, take a look at major sectors. financials all on the upside. >> thank you, mr. pisani. ty, up to you. >> sue, grab some buds. or maybe not. class action lawsuit accusing the watering down of beer, including bud ribudweiser. what is going on? >> class action lawsuit in california followed by pennsylvania and new jersey and others to follow. each...
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Feb 27, 2013
02/13
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the city has ancient ruins such as the valley of the kings and the karnak temple along the nile river. the head of the travel agency in cairo points out that severe competition among balon operators for a diminishi nuer o touristsay he contributed to the incident. >> translator: when a similar accident happened three or four years ago, the egyptian government stopped balloon operations for six months to conduct safety checks. but after that the tourism ministry was no longer able to maintain safety controls. >> a travel coordinator who liaises between the egyptian government and hot air balloon firms told nhk the operator o the balon h tworevis accints in the past two years. >>> the leader of italy's center-left coalition says he'll ask the country's president to help coordinate talks to form a new coalition government. pier luigi bersani spoke after the results of a parliamentary election produced no clear winner. bersani's democratic party and its partners won a majority in the lower house. but no party secured a majority in the senate, setting the stage for a political stalemate. b
the city has ancient ruins such as the valley of the kings and the karnak temple along the nile river. the head of the travel agency in cairo points out that severe competition among balon operators for a diminishi nuer o touristsay he contributed to the incident. >> translator: when a similar accident happened three or four years ago, the egyptian government stopped balloon operations for six months to conduct safety checks. but after that the tourism ministry was no longer able to...
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Feb 28, 2013
02/13
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we've added to those gains throughout the session. mario was in the city of mun nick. he said we need to start thinking about an exit. if anything, mario draghi said inflation is going down and significantly less than the target of 2%. he's hinting at an interest rate cut. the results, as we close out markets for europe, the stock is at 600 despite all of the problems that we've had with italy, it is gaining, as you can see, overall. for the month of february, yes, those top 50 blue chips are in negative territory because a lot of those are banks and they are worried about what might happen in italy but it's flat. now there is a problem obviously with italy and you see a flight to safety from the bond market into the core germany. you'll see a divergence in the yields between the italian bonds. you see the yields rising in italy. thank you very much. in germany, obviously there is still a great concern there. i want to mention one more thing, carl, and that s. i need to take to you switzerland and show you what looks like a very innocuous news conference. in fact it is
we've added to those gains throughout the session. mario was in the city of mun nick. he said we need to start thinking about an exit. if anything, mario draghi said inflation is going down and significantly less than the target of 2%. he's hinting at an interest rate cut. the results, as we close out markets for europe, the stock is at 600 despite all of the problems that we've had with italy, it is gaining, as you can see, overall. for the month of february, yes, those top 50 blue chips are...
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Feb 22, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. answers. >>> if the housing market is coming back, then you know that i think that the housing theme cannot be denied. despite the doubts that cropped up mid-week about this sector. and if the banks are making more loans, and you know i think that can't be denied, specifically residential mortgage loans, another one of my favorite themes for 2013, which i did not abandon during the week, then how about we talk about a crazy idea for speculation friday? how crazy? you know what? i think this housing rebound is so robust that it's time to consider buying a mortgage insurer. albeit only for speculation. this is speculation friday. and the one i've got my eye on is -- radian group. rdn for all you home gamers. the stock i told you years ago you had to get out no matter what. the mortgage insurance companies, as you might expect from the name, write insurance policies on mortgages that compensate lenders or investors if the borrowers default on the loan. so let's say you take out a loan to
some of the world's cleanest gas turbines are now powering some of america's biggest cities. answers. >>> if the housing market is coming back, then you know that i think that the housing theme cannot be denied. despite the doubts that cropped up mid-week about this sector. and if the banks are making more loans, and you know i think that can't be denied, specifically residential mortgage loans, another one of my favorite themes for 2013, which i did not abandon during the week, then...
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Feb 12, 2013
02/13
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they have water fountains for the master and the mutt. there are buildings in new york city, chicago, boston that are all catering to pets and people are paying for it. they're paying up to $500 as a down payment and 50 bucks a month in d.c. here. and probably a lot higher in manhattan. i've heard of pawdicures for the dogs. and this chauffeur services. they can provide that. even doggy food trucks. there is no end to it, larry. >> we get our dog groomed every two weeks. >> that's grooming. but does it get the pawdicure. >> sometimes, actually. sometimes. let me show it. can i show it on the air? this is the newest contender. there he is. that's grace. she is a terrier. they have one, actually, in the terrier category at the westminster kennel club. at that point she was only a few months, six months or so old. i'm not going to say how old the guy is on the chair. that's a different subject altogether. but you know what i heard? 100,000 bucks a year to train and groom these dogs. >> it's no surprise whatsoever. when people are spending th
they have water fountains for the master and the mutt. there are buildings in new york city, chicago, boston that are all catering to pets and people are paying for it. they're paying up to $500 as a down payment and 50 bucks a month in d.c. here. and probably a lot higher in manhattan. i've heard of pawdicures for the dogs. and this chauffeur services. they can provide that. even doggy food trucks. there is no end to it, larry. >> we get our dog groomed every two weeks. >> that's...
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Feb 2, 2013
02/13
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this is the capitol city and has been the seat of government since the founding 403 years ago. and so the exercise of political power and the development of public policy is another theme. the history of santa fe is distinctive. for one thing, santa fe became a u.s. territory in 1848. and it was a territory for a very long time. the country and washington were reluctant to make santa fe a state. that eventually happened in 1912. new mexico existed as a territory for so long, in someso many ways doesn't seem to fit the rest of the country. and in fact, santa fe proudly, for a long, long time, has described itself as the city different. santa fe was -- and new mexico were explored by the spanish, coming from the south to the north. not from anglos coming from the east to the west. that's one difference. this community that's closely tied to the catholic church, priests accompanied spanish settlers on their way north and establishment of the church and establishment of the community of santa fe are inseparable. of course, this is-was a spanish speaking territory. populated mostly
this is the capitol city and has been the seat of government since the founding 403 years ago. and so the exercise of political power and the development of public policy is another theme. the history of santa fe is distinctive. for one thing, santa fe became a u.s. territory in 1848. and it was a territory for a very long time. the country and washington were reluctant to make santa fe a state. that eventually happened in 1912. new mexico existed as a territory for so long, in someso many ways...
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Feb 27, 2013
02/13
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financial health of the city. that's a process that we're going through right now. the review team has made a recommendation that the financial emergency be declared. we have that recommendation in hand right now and over the course of the next few weeks we'll make a final determination on that and then decide how to proceed. >> you've got to rein in the pensions and the health benefits for retired city workers, there really is-- again, am i being too harsh? there's no choice, is there? >> when you look the at where the state of michigan itself was, just a few years ago, our long-term liabilities, including our pension cuts were mounting each year so we instituted a real reform over the last few years to reduce our debt. the state of michigan's liabilities are over 20 billion dollars less than they were in 2011 when governor snyder and i took office. and that was-- those are hard decisions, but they have to be made so today we have our financial footing well underneath us and we are the comeback state. the example
financial health of the city. that's a process that we're going through right now. the review team has made a recommendation that the financial emergency be declared. we have that recommendation in hand right now and over the course of the next few weeks we'll make a final determination on that and then decide how to proceed. >> you've got to rein in the pensions and the health benefits for retired city workers, there really is-- again, am i being too harsh? there's no choice, is there?...
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Feb 5, 2013
02/13
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. >> one of the world's top experts on valuation, he joins us now from new york city. >> we have been watching apple sell all the way down from $705 to where it stands today. what's it worth for real? people want to know who are watching this show, whether they should get in, if they have it now, what should they do. >> i think it's worth a lot more than $450. at the same time, i was listening to your discussion and i think it's good news that the traders are leaving and the momentum is gone because i left apple eight months ago and i was on cnbc when i said i wasn't going to be an apple investor because there were too many crazy people around, essentially investing in the stock for the wrong reasons. if they wash out the markets of all those investors who had no idea what happened but are trading on it purely based on momentum. the value i got and it's on my website, is about $600 per share. when investors react to the earnings report. it was not a great earnings report. growth had leveled off, but if only apple were priced on the expectation of high growth. you don't need any growth
. >> one of the world's top experts on valuation, he joins us now from new york city. >> we have been watching apple sell all the way down from $705 to where it stands today. what's it worth for real? people want to know who are watching this show, whether they should get in, if they have it now, what should they do. >> i think it's worth a lot more than $450. at the same time, i was listening to your discussion and i think it's good news that the traders are leaving and the...
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Feb 11, 2013
02/13
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CNBC
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>> let there be light. on this day in 1847, thomas edison was born. aside from providing the u.s. with the ever essential light bulb, edison's very firs
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley,...
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Feb 27, 2013
02/13
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captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: lawrence summers is here, he is a professor at harvard, where he was president from 2001 to 2006. he was treasury secretary under president clinton and returned to the white house in 2009 as advisor of the national economic council, in that role he was central to president obama's the response to the financial crisis, he is here to talk about the scwes officer imposed in summer of 2011 and intended as a consequence so unacceptable congress and the president would have to agree on revenue increases and spending cuts in order to avoid it. with three days to go they have not been able to do that, the first $85 billion about spending cuts will take effect on march 1st, ben bernanke testified to cock earlier today he promised to extend the federal reserve stimulus measures and make made a direct appeal to avoid the sequester. >> the congress and the administration should consider replacing the sharp front loaded spending cuts required by the sequestration with policies that reduce
captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: lawrence summers is here, he is a professor at harvard, where he was president from 2001 to 2006. he was treasury secretary under president clinton and returned to the white house in 2009 as advisor of the national economic council, in that role he was central to president obama's the response to the financial crisis, he is here to talk about the scwes officer imposed in summer of...
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Feb 20, 2013
02/13
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kind of helped that on our shareholder resolution. >> you're the new york city comptroller. you can pick up the phone and have the direct dial to jamie dimon, i'm sure. have you had that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it actually benefit me? >> we believe so. we believe that stronger corporate governance is best for the long-term share value, and it could -- it could possibly prevent a kind of loss like what we saw with the london whale. $6 billion is a lot. even at the beginning of it, when it first came to light, the -- jamie in this case characterize it had as a $2 billion loss and originally called it a teachest in a teapot. obviously there are -- there are different objectives that management and investors have. the board represents investors. those interests are not always aligned with management which is why, again,
kind of helped that on our shareholder resolution. >> you're the new york city comptroller. you can pick up the phone and have the direct dial to jamie dimon, i'm sure. have you had that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it...
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Feb 25, 2013
02/13
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real estate was under pressure after the city government imposed higher loans. the kospi ended weaker by 0.5%. australia's asx 200 moved back towards its 4 1/2 year high gaining 0.8%. as we had the strong gains in retail and financial stocks. india's sensex are trading higher by about 0.25%. back to you. all right. thanks for that, sixuan. catch you later. >>> still to come on the program will be adam barcelona. taking a look at the hottest trends in the space, find out what the ceo of deutsche has to say about the challenges of taking on the american market. kelly is there. she'll join us in just a few moments. >>> the mobile world congress is under way in barcelona. there's a new hand set based on its firefox web browser for mozilla. the reason i'm on my own is because kelly is there getting all mobile and wired and super fast. hi, kel. >> ross, it is great to see you guys out here in barcelona. i wish i could say the weather is a little warmer. it's surprisingly chilly here. and the chilly economic environment across europe also having an impact. some of the
real estate was under pressure after the city government imposed higher loans. the kospi ended weaker by 0.5%. australia's asx 200 moved back towards its 4 1/2 year high gaining 0.8%. as we had the strong gains in retail and financial stocks. india's sensex are trading higher by about 0.25%. back to you. all right. thanks for that, sixuan. catch you later. >>> still to come on the program will be adam barcelona. taking a look at the hottest trends in the space, find out what the ceo of...
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Feb 21, 2013
02/13
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there will be the top ten snow of all time, easily. lincoln is to the northwest of kansas city. here you go, you can can see the snow coming down. at times, at times, three to five inches an hour. that is an instain snow fall rate. as one point snowing heavily from kansas off to missouri. you are talking several hundred miles in through here. so now here it is in lincoln, the good news is, there is some dryer air coming into the storm now. and that may, at least, hold down for us some of the snow totals. but the damage is done. you can see the roads are very, very greasy. what i call almost a cookie dough mixture of salt, snow and stand itself. there were a mad dash of people heading home. we are very, very hoppy to see that. visibility has been coming up. we've been watching the entrance ramp to i-80 that you couldn't see a a little while ago. a far-reaching storm as you said, and one with severe weather with it along the gulf coast. back to you. >> you stay safe, jaim, thank you very much. >> you got, breerj. >> will that storm impact energy prices. crude oil with the worst st
there will be the top ten snow of all time, easily. lincoln is to the northwest of kansas city. here you go, you can can see the snow coming down. at times, at times, three to five inches an hour. that is an instain snow fall rate. as one point snowing heavily from kansas off to missouri. you are talking several hundred miles in through here. so now here it is in lincoln, the good news is, there is some dryer air coming into the storm now. and that may, at least, hold down for us some of the...
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Feb 12, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as normal as possible. i see lunch. [ monitor beeping ] let's move on. [ male announcer ] find out what a hospital stay could really cost you at aflac.com. could lose tens of thousands of dollars on their 401(k) to hidden fees. thankfully e-trade has low cost
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ a hairline fracture to the mandible and contusions to the metacarpus. what...
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Feb 7, 2013
02/13
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. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you can speak to the congressmen representing the districts the post office is the central meeting place. i have never been to these places. there is something going on there. i respect that. >> if you go on a listening tour. >> i should. >> you're making the right point. this point will come up later with the military. it's so widely distributed. everybody has an impact on this. we do live in big cities but people in kansas don't have the same relationship. >> shouldn't have to pay for that. >> you can't have everything you want in life. i have a number. $47 trillion. do you know what $47 trillion is? from the cbo, congressional budget office, that's u.s. federal spending for the next ten years. $47 trillion. okay? can we agree that's a big number? now the post office will add to that number. i think we should be subtracting from that number. i don't care what sentimentality or who claire mchaskill is. she shouldn't have run the race. sh
. >> the point that's valid is we are big city folk. in the smaller, rural parts of the country and you can speak to the congressmen representing the districts the post office is the central meeting place. i have never been to these places. there is something going on there. i respect that. >> if you go on a listening tour. >> i should. >> you're making the right point. this point will come up later with the military. it's so widely distributed. everybody has an impact...